Forecast Function in Anaplan

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New Contributor

Forecast Function in Anaplan

Hi team, 

 

Can i know if we have an equivalent  function for forecast() from excel in Anaplan. In Excel we have 

Excel FORECAST function

The FORECAST function in Excel is used to predict a future value by using linear regression. In other words, FORECAST projects a future value along a line of best fit based on historical data.

The syntax of the FORECAST function is as follows:

FORECAST(x, known_y's, known_x's)

Where:

  • X (required) - a numerical x-value for which you want to predict a new y-value.
  • Known_y's (required) - an array of known dependent y-values.
  • Known_x's (required) - an array of known independent x-values.

Regards

Roshin Rasheed 

2 REPLIES 2
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Master Anaplanner/Community Boss

Re: Forecast Function in Anaplan

@roshinrasheed 

 

No, there is no such functionality but there are other means thru which you can get the desired results after all this is Anaplan and it allows you to do flexible modelling. There are more than a dozen forecasting algorithms that can be created within Anaplan. If I have to name a few here are these

1. Simple Average

2. Moving Average

3. Single Exponential Smoothing

4. Double Exponential Smoothing (Holt's DES and Brown's DES)

5. Triple Exponential Smoothing

6. Winter's Additive

7. Winter's Multiplicative

 

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Community Boss

Re: Forecast Function in Anaplan

Linear regression is not a function in Anaplan but you can build the calculation.
Look for examples of it on the app hub (I know it is in the statistical forecast app)

Nathan Rudman, Anaplan Model Builder